Isobutylene Market is Anticipated to Grow at a CAGR of 4.01% by 2030 | ChemAnalyst

According to ChemAnalyst report, “Isobutylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Isobutylene market has shown tremendous growth in the past five years and is anticipated to achieve a healthy CAGR during the forecast period. Isobutylene has wide applications in Automotive, Aerospace, Antioxidants, Pharmaceuticals and is also useful for various niche applications, such as wires and cables, compression packaging, and electrical insulation. Automotive comes as the leading application segment accounting for a major part of the isobutylene market whereas, MTBE is the chief product accounting major part of the overall volume.

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Isobutylene (or 2-methylpropene) is a highly inflammable, colorless gas with a pungent odor. It is used in the production of a variety of products as it is alkylated with butane to produce isooctane or dimerized to diisobutylene (DIB) and then hydrogenated to make isooctane, a fuel additive. Polymerization of isobutylene produces butyl rubber (polyisobutylene or PIB). Antioxidants such as butylated hydroxytoluene (BHT) and butylated hydroxyanisole (BHA) are produced by Friedel-Crafts alkylation of phenols with isobutylene and it is also used in the production of methacrolein, MTBE and ETBE. Due to its considerable industrial value and wide application, there is an impeccable growth in its demand in the past few years.

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Covid-19 Impact:

Global economic slowdown due to COVID 19 impacted the manufacturing industries during the first half of 2020. Industries were lacking the feedstock due to supply chain disruption and global plant outages initially in 2020.  There is a decline in the demand of electronics, chemicals and automobiles which directly affected the demand of isobutylene market adversely. However, a positive trend has been witnessed in the demand and supply of isobutylene since December 2020. Increasing demand for isobutylene in production of antioxidants, fragrances, gas odorization products and in the form of a fuel additive in the aerospace and automotive industry is set to boost the market growth during the forecast period.

Regional Outlook:

Region wise, Europe and North America are estimated to account for most of the demand in the isobutylene market due to its high demand from the automotive and aerospace industry. However, the growth prospect of Asia Pacific is highly promising and is likely to exhibit rapid growth over the period of analysis. Moreover, China is one of the leading manufacturers as well as consumer of isobutylene and is estimated to drive the demand in the isobutylene market in Asia Pacific.

According to ChemAnalyst report, Isobutylene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,

Major Players:

• Exxon Mobil Corporation
• LyondellBasell Industries
• BASF SE
• Honeywell International
• Zoucheng Qifa Chemical Co., Ltd
• Shandong Shouguang Luqing Petrochemical Co. Ltd and others.

“As Isobutylene is a highly versatile gas and is used as an intermediate in butyl rubber, fuel additive, food additive, antioxidants and in cosmetics, chemicals, electronics and other sectors. With all these applications, isobutylene is a material of choice among manufacturers in numerous industries. Outbreak of covid-19 in major global economies impacted the global manufacturers and market due to which, the demand of isobutylene market was adversely affected. However, an exponential rise has been witnessed in the demand and supply of Isobutylene in the market since December 2020.Hence, there is huge scope for various manufacturers to target towards identifying and investing in isobutylene market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

Report Scope:

In this report, global isobutylene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

 

Attribute	Details
Growth Rate	CAGR of 4.01%. from 2021 to 2030
Base year for estimation	2020
Historic Data	2015 – 2019
Forecast period	2022 – 2030
Quantitative units	Demand in thousand tonnes and CAGR from 2021 to 2030
Report coverage	Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered	Application: (Polyisobutylene or PIB, Fuel additive BHA, BHT, MTBE and ETBE) End Use: (Automotive, Aerospace, Electronics, Chemical and Cosmetics, Pharmaceuticals, Energy, and others) Sales Channel: (Distributor and Trader, Direct Company Sales, Direct Import)
Regional scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope	United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled	BASF Group, Exxon Mobil Corporation, LyondellBasell Industries, Honeywell International, Shandong Shouguang Luqing Petrochemical Co. Ltd, Zoucheng Qifa Chemical Co. Ltd. and others.
Customization scope	Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

 

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